Derrick Henry Contract

Derrick Henry is a running back who currently plays for the NFL team Baltimore Ravens. Henry is one of the best running backs currently playing in the league. He was drafted in the second round of the 2016 NFL Draft by the Tennessee Titans. He initially signed a four-year rookie contract worth $5.40 million in 2016. He received a signing bonus of $2.13 million and a $3.30 million guarantee. After being placed with a franchise tag in 2020 he signed a new four-year contract extension with the Titans on April 2, 2020. The four-year contract is worth $50 million with a guarantee of $25.5 million.

After the end of the 2023 season, Henry's contract was up for renewal once again, but he was let go by the Titans and was picked up by the Baltimore Ravens for a new 2-year deal.

Derrick Henry Contract
Derrick Henry

Derrick Henry Contract Breakdown

Derrick Henry signed a new contract in March 2024 with the Baltimore Ravens which is a two-year deal worth $16,000,000. This agreement includes a signing bonus of $7,790,000 while also guaranteeing $9,000,000. In 2024, Henry will earn a base salary of $1,210,000 while his contract carries a cap hit of $5,105,000 and a dead cap value of $9,000,000.

Considering that in the modern game, running backs are severely underpaid for the job that they do, Henry's 2-year deal worth $16 million currently places him in seventh place amongst all running backs in the NFL as of March 2024. Henry, who has had a massive impact on the Titans over the years is making just about half of Christian McCaffrey who is the current highest-paid player in the position.

ContractSigning BonusAverage SalaryGTD at SignTotal GTD
2 yr(s) / $16,000,000$7,790,000$9,000,000$9,000,000$9,000,000

YearBase SalarySigning BonusCap Hit Dead CapYearly Cash
2026Unrestricted Free Agent

How much is Derrick Henry getting paid?

The former Tennessee Titans running back signed a 2-year contract with the Baltimore Ravens which is worth $16 million. This gives him an average annual salary of $8 million while he has earned a signing bonus of $7,790,000 at the time of signing. In the 2024-25 season, he will earn a base salary of $1,210,000.

With the impact that Henry has made in the league since he was drafted in 2016, Henry's 2-year deal seems to be a bit on the lesser side. Granted that running backs are not commanding the high salaries that they once used to, yet being one of the top rushers in the game today, his new contract seems to be underpaid.

How much money does Derrick Henry make a minute?

As per Henry's latest deal with the Ravens, the Heisman Trophy winner will be making roughly $15 per minute on average. While this money is not anywhere near what the top players in other positions especially the quarterbacks are making, it is important to note that Henry's per-minute salary is still quite a hefty one when compared to the normal working professional.

How much of Derrick Henry’s Contract is guaranteed?

Guarantees in a contract are clauses that make sure that a player receives a certain part of the contract money if they cannot play due to unforeseeable circumstances. A guaranteed sum ensures that a player gets paid even if they miss games due to injury, a decline in skill, off-field controversies, etc. Derrick Henry’s contract has a guaranteed amount of $9 million.

What are the terms of Derrick Henry’s Contract?

Derrick Henry’s contract is one without many clauses or offsets. The two-year $16 million contract paid Henry an initial signing bonus of $7,790,000. The salary cap is spread over his two years of contract which makes it easy for the Ravens to sign other players to their roster without going over the salary cap. In 2024, Henry will earn a base salary of $1,210,000, while carrying a cap hit of $5,105,000 and a dead cap value of $9,000,000. He is set to become an unrestricted free agent at the end of his contract in 2026.

Derrick Henry's Contract History

The current deal with the Ravens is the third contract of Henry's professional football career in the NFL. He signed his first contract in the NFL with the Tennessee Titans which was his rookie deal for a period of four years from 2016 to 2019 worth $5,407,928. He earned an average annual salary of an average annual salary of $1,351,982.

In 2020, Henry signed another 4-year deal with the Titans worth $50,000,000 that paid him an average annual salary of $12.5 million.

ContractSigning BonusAverage SalaryGTD At SignTotal GTD
4 yr(s) / $5,407,928$2,133,038$1,351,982$2,828,853$2,828,853
4 yr(s) / $50,000,000$12,000,000$12,500,000$25,500,000$25,500,000

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Q. How big is Derrick Henry?

A. Derrick Henry is a 6 ft 3 in, 247 lb running back in the NFL who is currently with the Baltimore Ravens.

Q. How fast is Derrick Henry?

A. Derrick Henry ran his 40 with a time of 4.54 seconds. 

Q. Did Derrick Henry win the Heisman Trophy?

A. Derrick Henry won the Heisman Trophy in 2015 as a junior while playing on the Alabama Crimson Tide football team.

Q. How old is Derrick Henry?

A. Derrick Henry is 30 years old as of March 2024. He was born on January 4, 1994.